Calculating The Intrinsic Value Of Nitiraj Engineers Limited (NSE:NITIRAJ)
Nov 18
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Indian (NIFTY) Electronic Equipment and Instruments Industry Analysis
UpdatedDec 11, 2025
DataAggregated Company Financials
Companies18
- 7D-3.2%
- 3M-4.6%
- 1Y-21.1%
- YTDn/a
Over the last 7 days, the Electronic Equipment and Instruments industry has dropped 3.2%, driven by pullbacks in Honeywell Automation India and Aditya Infotech of 2.5% and 3.9%, respectively. The industry has fallen 21% in the last year. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Indian Electronic Equipment and Instruments Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 11 Dec 2025 | ₹615.7b | ₹144.0b | ₹14.7b | 25.4x | 41.8x | 4.3x |
| Sat, 08 Nov 2025 | ₹660.3b | ₹140.5b | ₹16.1b | 32.4x | 40.9x | 4.7x |
| Mon, 06 Oct 2025 | ₹626.6b | ₹131.6b | ₹15.4b | 34.2x | 40.7x | 4.8x |
| Wed, 03 Sep 2025 | ₹641.2b | ₹131.6b | ₹15.4b | 32.9x | 41.7x | 4.9x |
| Fri, 01 Aug 2025 | ₹499.3b | ₹91.4b | ₹10.8b | 39.1x | 46.3x | 5.5x |
| Sun, 29 Jun 2025 | ₹515.2b | ₹92.2b | ₹10.8b | 41.9x | 47.6x | 5.6x |
| Tue, 27 May 2025 | ₹487.8b | ₹85.1b | ₹9.6b | 47.5x | 50.6x | 5.7x |
| Thu, 24 Apr 2025 | ₹442.7b | ₹82.5b | ₹8.7b | 49.3x | 50.8x | 5.4x |
| Sat, 22 Mar 2025 | ₹425.6b | ₹82.5b | ₹8.7b | 44.9x | 48.9x | 5.2x |
| Mon, 17 Feb 2025 | ₹555.2b | ₹89.9b | ₹10.8b | 51.2x | 51.6x | 6.2x |
| Wed, 15 Jan 2025 | ₹721.4b | ₹83.7b | ₹10.0b | 67.2x | 72.5x | 8.6x |
| Fri, 13 Dec 2024 | ₹736.2b | ₹83.7b | ₹10.0b | 73.2x | 74x | 8.8x |
| Sun, 10 Nov 2024 | ₹727.8b | ₹81.0b | ₹9.9b | 52.9x | 73.7x | 9x |
| Tue, 08 Oct 2024 | ₹727.1b | ₹77.6b | ₹9.1b | 78.4x | 79.7x | 9.4x |
| Thu, 05 Sep 2024 | ₹767.5b | ₹76.2b | ₹9.0b | 61.7x | 84.8x | 10.1x |
| Sat, 03 Aug 2024 | ₹785.9b | ₹75.9b | ₹8.8b | 65.9x | 89.2x | 10.4x |
| Mon, 01 Jul 2024 | ₹737.4b | ₹71.0b | ₹8.1b | 77.4x | 91.2x | 10.4x |
| Wed, 29 May 2024 | ₹683.7b | ₹68.3b | ₹12.2b | 47.5x | 56.1x | 10x |
| Fri, 26 Apr 2024 | ₹623.8b | ₹66.7b | ₹11.7b | 40.4x | 53.2x | 9.3x |
| Sun, 24 Mar 2024 | ₹520.1b | ₹66.7b | ₹11.7b | 37.7x | 44.4x | 7.8x |
| Tue, 20 Feb 2024 | ₹537.6b | ₹66.7b | ₹11.7b | 39x | 45.9x | 8.1x |
| Thu, 18 Jan 2024 | ₹523.9b | ₹64.6b | ₹11.6b | 45.1x | 45.1x | 8.1x |
| Sat, 16 Dec 2023 | ₹488.8b | ₹64.6b | ₹11.6b | 40.2x | 42.1x | 7.6x |
| Mon, 13 Nov 2023 | ₹500.5b | ₹63.8b | ₹11.3b | 39.7x | 44.2x | 7.8x |
| Wed, 11 Oct 2023 | ₹515.0b | ₹59.4b | ₹10.7b | 38.3x | 48x | 8.7x |
| Fri, 08 Sep 2023 | ₹503.6b | ₹52.4b | ₹10.4b | 56.7x | 48.3x | 9.6x |
| Sun, 06 Aug 2023 | ₹491.2b | ₹50.0b | ₹9.8b | 28.8x | 50x | 9.8x |
| Tue, 04 Jul 2023 | ₹457.6b | ₹49.8b | ₹9.8b | 27.9x | 46.7x | 9.2x |
| Thu, 01 Jun 2023 | ₹424.1b | ₹49.4b | ₹5.7b | 32.6x | 74.6x | 8.6x |
| Sat, 29 Apr 2023 | ₹375.8b | ₹46.8b | ₹5.1b | 30.2x | 73.6x | 8x |
| Mon, 27 Mar 2023 | ₹373.8b | ₹46.8b | ₹5.1b | 22x | 73.2x | 8x |
| Wed, 22 Feb 2023 | ₹374.3b | ₹46.8b | ₹5.1b | 20.3x | 73.3x | 8x |
| Fri, 20 Jan 2023 | ₹409.0b | ₹44.6b | ₹4.8b | 24.4x | 85.8x | 9.2x |
| Sun, 18 Dec 2022 | ₹415.0b | ₹44.6b | ₹4.8b | 23.2x | 87x | 9.3x |
Price to Earnings Ratio
87x
Current Industry PE
- Investors are pessimistic on the Indian Electronic Equipment and Instruments industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 41.8x which is lower than its 3-year average PE of 59.6x.
- The 3-year average PS ratio of 7.9x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Electronic Equipment and Instruments industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 48% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Electronic Equipment and Instruments compare with similar industries?
| IN Market | -1.41% | |
| Tech | -0.99% | |
| Electronic Equipment and Components | -7.69% | |
| Electronic Equipment and Instruments | -3.16% | |
| Electronic Components | 0.36% | |
| Technology Distributors | -0.12% | |
| Electronic Manufacturing Services | -14.80% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CPPLUS Aditya Infotech | ₹1.54k | 1.3% +₹2.4b | n/a | PE91.2x | |
| ASMS Bartronics India | ₹13.24 | 16.2% +₹563.5m | -30.3% | PE196x | |
| NITIRAJ Nitiraj Engineers | ₹193.09 | 4.6% +₹86.9m | -14.5% | PE25.5x | |
| EEPL Eppeltone Engineers | ₹208.10 | 2.4% +₹62.9m | n/a | PE20x |